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Climate Report

The State of Europe’s Climate Investment, 2025 edition

With the second edition of our State of Europe’s Climate Investment report, we take stock of the development in investments supporting the climate transition in the EU27. The report assesses the real-economy annual investments needed to meet the 2030 targets set out in the Green Deal and Net Zero Industry Act for the energy, buildings, transport and clean tech manufacturing sectors. We track the actual investments in those sectors in the EU economy, highlight the deficits and analyse challenges to mobilise investments.

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Articles & studies
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  • 22/04/2025 Blog post
    Empowering local governments to meet the cost of climate action
    Across the EU, local authorities play a leading role in the climate transition. They have core responsibilities in the sectors that are central to reducing emissions, including transport and buildings. They are also major contributors to the public investment necessary for achieving carbon neutrality. When local authorities develop their climate transition plans, including for example to expand the public transport networks and retrofit public buildings to increase energy efficiency, they must also plan for significant public investments.  
  • 27/09/2024 Foreword of the week
    The climate transition and local public investment capacity
    Europe’s local authorities have a crucial role to play in meeting the EU’s objective for climate neutrality in 2050 and the critical milestones for emission reductions in 2030. They manage important building stocks and transport networks, develop climate strategies, action and investment plans, while engaging stakeholders and citizens in the climate transition. Turning climate policy ambition into reality, local authorities are responsible for implementing a lot of EU’s Green Deal legislative measures. The EU’s high-profile Mission for 100 Climate Neutral and Smart Cities by 2030 recognises this central role with a pledge for leading cities to trace a fast track towards a climate neutral urban future for others to follow. 
  • 03/10/2023 Blog post
    Climate: five key debates from the French marathon budget
    Climate change and ecological planning are taking centre stage in this autumn’s budgetary measures. The public finance programming act, which has yet to be discussed with the Senate, now requires the government to set out a multi-year funding strategy for planning. The finance bill for 2024, which will go through Parliament soon, earmarks an additional €7 billion in transition support for households, businesses and local authorities. This €7 billion does not, however, resolve the issue of financing the climate transition, and in this post we provide an overview of the key climate debates that will take place, or ought to take place according to I4CE, during this veritable marathon budget.
  • 30/10/2021 Blog post
    Environmental Budget Assessment: Let’s complete them
    The French government has just published the environmental budget assessment, or ‘Green Budget’ of its 2022 draft budget. Morgane Nicol of I4CE and Michel Colombier of IDDRI offer insights into these exercises, which are becoming more popular in many countries and local authorities. They highlight that the environmental budget assessment does not dispense with an Ecological Transition Strategy. Instead, […]
  • 27/06/2019 Blog post
    Heat wave, stop being surprised, let’s invest better
    June 2019, the heat wave that affects France and part of Europe takes centre stage. However, we should be less and less surprised by this type of weather event which, with climate change, is becoming more and more common. To see this, take a look at the ClimatHD portal put online by Météo France to disseminate the main climate projections in France.

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